Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

More worrying stories have been flagged in recent news stories prompting fears of a looming recession. Earlier today, the FT reported, that the Federal Reserve Bank of New York injected $66bn into short-term lending markets on Monday, building on a series of operations from last week to support the market after a severe bout of turmoil. The cost of overnight cash borrowing in exchange for US Treasuries — known as a repurchase agreement, or repo — soared early last week, pushing the main interest rate targeted by the Federal Reserve out of its target range. That prompted the New York Fed to intervene in the market for the first time in a decade on Tuesday. It subsequently continued daily $75bn cash injections throughout last week. Source: FT.Com Then we had a report in The Times of “central bank warnings” after the Bank for International Settlements warned of the “troubling” rise of negative-yielding bonds to more than $17 trillion. This afternoon, the Evening Standard Business News reported that bank share pr

By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast People booking package holidays, as opposed to flight only deals, are covered by the ATOLprotection scheme. About ATOL The law says your holiday must be protected if it is a package holiday. ATOL (which stands for Air Travel Organiser’s Licence) is a UK financial protection scheme and it protects most air package holidays sold by travel businesses that are based in the UK.   The scheme also applies to some flight bookings, usually those where you book flights (including UK domestic flights) but do not receive your tickets immediately. Statement by the CAA (Civil Aviation Authority): Thomas Cook has confirmed that all the UK companies in its group have ceased trading, including Thomas Cook Airlines. As a result, we are sorry to inform you that all holidays and flights provided by these companies have been cancelled and are no longer operating. All Thomas Cook's retail shops have also closed. The Government a

By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast This week’s news has been dominated by politics and Brexit, with markets settling as a last-minute deal looking increasingly likely. The Fed followed the ECB by cutting rates, whilst the Bank of England held the base rate at .75%. The Brothers Stripe, Richest Self-Made Irish Billionaires By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast  Airbnb rise from zero to $31 billion. Today I want to talk about a similar sized company in terms of valuation which could be floated on... See more at www.moneytipsdaily.com Airbnb plan $31 billion IPO Airbnb to IPO in 2020 By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast The accommodation platform Airbnb says it plans to go public next year.... See more at www.moneytipsdaily.com House Price Growth Slowest Since 2012, Say ONS House Price Growth Slowest Since 2012 By Charles Kelly UK house p

By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Yesterday we talked about Airbnb rise from zero to $31 billion. Today I want to talk about a similar sized company in terms of valuation which could be floated on the stock market. If you’ve ever sold goods or services online, you may have come across a payment system called Stripe. I had never heard it of it until I started using click funnels but it seems to work very well. The people behind Stripe are John and Patrick Collison who sold their first company for $5 million when they were still teenagers. Now, a little more than a decade later, their second start-up is valued at $35 billion, making them Ireland’s richest entrepreneurs, Bloomberg reports. The latest valuation for their online payment processor, Stripe Inc., gives John, 29, and Patrick, 31, an estimated net worth of $4.2 billion each, according to calculations by the Bloomberg Billionaires Index, enough for inclusion in the 500-member ranking. Stripe de

Airbnb plan $31 billion IPO in 2020 By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast The accommodation platform Airbnb says it plans to go public next year. It was valued at $31bn in its most recent funding round and made more than $1bn in revenues in the second quarter. Airbnb hosts, of which I was once one, have made more than $80bn from renting their properties as of this month, according to the company. Airbnb, like Uber, Amazon and Apple, have disrupted industries and brought down prices for consumers. But they have also done something else which they have in common - they have all helped small entrepreneurs make money and compete with larger businesses as well. Airbnb has made $80 billion for landlords, like myself, Uber indirectly employees millions of drivers and Amazon has enabled small businesses to open up online stores and reach millions of people at a fraction of the cost it would’ve been a few years ago. I started with Airbnb around five years ago whe

House Price Growth Slowest Since 2012, Say ONS By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast UK house prices rose at the slowest rate to July than at any time since September 2012, up by 0.7%, official figures reveal. According to the Office for National Statistics (ONS) there has been a general slowdown in UK property price growth in the last three years. The overall growth rate has been dragged down by a declining market in London and south-eastern England. However, the latest figures show the biggest drop in prices in the last year was in the North East of England. Property values in the North East region dropped by 2.9% in the year to July and were down by 2.1% in July compared with June, data from the ONS and Land Registry shows. There were also annual falls in house prices in the South East of England (down 2%), London (down 1.4%), and the East of England (down 0.5%). Overall in the UK, the annual rise of 0.7% was the slowest since the 0.4% rise of Septemb

New App launched that cancels subscriptions after free trial By Charles Kelly Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast Have you ever signed up for a free trial online and then forgotten all about it? A year later you realise that you’ve been paying for a service you didn’t really want. Sometimes, it only comes to light when your credit card expires! Good news. A young British entrepreneur has launched service which automatically cancels subscriptions at the end of the free trial period, the BBC reports. The ingenious App was developed by Josh Browder, who in his teenage years invented an algorithm called ‘Do Not Pay’, which continues to successfully fight parking fines. His latest App, Free Trial Surfing, is not directly linked to a customer's bank account or credit card, but Mr Browder says it is in partnership with a major bank. He declined to say which bank was supporting the venture. "The idea for this product came when I realised I was being charged for a $21.99 (£18)

Can you really buy a property with just one click? By Charles Kelly Author and creator of Money Tips Podcast Joseph Kennedy, the father of John F Kennedy, once said that when shoeshine boys were telling him to get into the stock market, he knew it was time to get out. That’s exactly what he did just before the 1929 stock market crash, which was followed by a bear market which lasted for decades. Sometimes I feel the same about property when everyone seems to be jumping on the bandwagon. Now, there is even a company offering investors a way to buy a buy-to-let property with the click of a mouse. Can you really buy a property online just like ordering something on Amazon? Well, not quite. Dot, a Californian company with offices in Manchester, effectively gives you the facility to reserve a property online, leaving completion and the legal work to be done later on. Investors are told that they can buy one and two bedroomed properties costing up to £200,000 in a “few pain-free minutes”, with just a few clicks, an

Money Tips looks at whether you should be holding precious metals like Gold and Silver as part of your portfolio. Word of the Day Indicators An economic indicator is a statistic about an economic activity, which offers an analysis of economic performance and predictions of future performance. Top 5 Economic Indicators for Global Investors 1. Gross Domestic Product. GDP represents the market value of all final goods and services produced within a country over a period. 2. Employment Indicators 3. Consumer Price Index. CPI is an indicator of inflation. 4. Central Bank Minutes 5. PMI Manufacturing & Services Company indicators Sometimes called Key Performance Indicator, KPI’s gives a snapshot of key measures, such as sales, capital reserves or accounts payable turnover, which tell investors and managers at a glace where the business is heading. You could also run a KPI for your health. For instance, how many hours exercise did you do last week? How much alcohol or sugary foods did you consume? Do you smoke,

By Charles Kelly Author and Creator of Money Tips How to get bursaries and assisted places for top private schools The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared... ECB Cut Rates To Stimulate Economy Interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve follow. UK base rates stand at.... 3 Myths of Property Investment The 3 Myths of Property Investment   Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose.   “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”.   How will I find the money... Markets Settle On Trump-China Trade War Talks – Money Tips News Markets Settle on China-US Trade talks. Don’t ignore pa

The gift of education is one of the most valuable things you can give to your children. However, the cost of sending a child or grandchild to an independent or private (strangely, also known as a “public school”) school has soared well above the rate of inflation, yet the number of UK pupils in private education has never been higher. Why is this? Part of the answer is that more than £1bn a year of financial assistance is available to parents, enabling one in three students to have their school fees reduced or even waived, according to the FT. School fees have become a major problem for the middle classes in recent years. The cost of a private education is nearly 50% higher than a decade ago, according to data from the Independent Schools Council (ISC). Average fees for day pupils are now nearly £4,800 per term, or just over £14,000 a year. Fees are higher in the Southeast and London, where boarding school fees now average more than £13,000 a term — close to £40,000 per year, according to the ISC. Scholarship

Earlier this week, I said that interest rates look set to stay low. This week, the ECB announced that it is reducing interest rates. Trump is demanding that the US federal reserve also cut interest rates and the UK base rates stand at just .75%. Other central banks are keeping rates low in order to stimulate the flagging economy. The ECB is also introducing other stimulus measures such as pumping money into the economy by buying €2.8 billion worth of bonds. As I said, this is good news for borrowers but not so good for savers. In the UK you can get mortgages at just over 1%, but in some countries you can get mortgage is it close to zero or even negative rate mortgages. It should be a good time to fix your mortgage rate as there is also a bit of a mortgage work going on with lenders falling over themselves to attract customers. The property market in the UK has been in the doldrums for the last few years, with some areas such as London fallen sharply. The average price rises in the rest of the country are bare

Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose. “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”. How will I find the money for deposits, which area should I invest in, should I use a limited company? These are all questions I get asked by people wanting to become a professional property investor. Firstly, let’s get rid of a few myths that may be holding you back from taking the first step. Myth No.1 You need your own money to get into property. Not true. There are a number of strategies you can use to get into property investment with either no money or by using other people’s money. Myth No.2 It takes years of experience and special skills to become a professional property investor. Nonsense. I’ve seen people become investors within a few weeks of taking a course and go on to build a portfolio much larger than “experienced” investors. Myth No.3 You need special connections and have to be “in the know”

Money Tips News Markets Settle on China-US Trade talks. Don’t ignore parking tickets and bills – more bailiffs being used by local authorities to collect unpaid fines. 2870 retail outlets closed down in first six months of 2019. LSE receives £32 billion HK bid. BA pilot strikes damaging the airline’s multi-billion pound brand. Word of the Day Revenues and profit. Revenue, or turnover, is the total amount of income generated by the sale of goods or services by a company or business. Profit, or the “bottom line”, is the amount of income that remains after accounting for all expenses, debts, additional income streams and operating costs. Turnover is vanity profit is sanity. See also: Angel Investor Funding – London Has an Abundance of Money for Scalable New Businesses How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715 Earn 25% Tax Free Bonus with Government

There is an abundance of money available for business start-ups and ventures in London. Word of the Day Scalable Businesses which are scalable are businesses which can be scaled up or grown to a large concern where investors can expect to make a return on their investment, as opposed to a one-man-band or lifestyle business. See also: How to Obtain Angel-Investor Funding- With Joseph Zipfel, C.I.O. of Start-up Funding Club https://podcasts.apple.com/gb/podcast/how-to-obtain-angel-investor-funding-joseph-zipfel/id1442532994?i=1000444991715 There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.

Low interest rates look set to continue for the foreseeable future. Whilst this is great for borrowers, but disastrous for investors and people retiring on annuities. Earning just over 1% on an ISA account is not even keeping up with inflation, let alone giving you a good investment return. Even gross yields on buy-to-let properties in major cities have fallen below 4% and in London or sometimes around 2%. That’s ‘gross’ yield by the way, before costs such as letting charges. What should you the investor do to improve the yield or income you receive on your money, particularly if you are relying on this to provide retirement income? You can shop around for the highest rate available on savings accounts, but this is not going to improve your overall return by that much. You could consider high yielding shares as an alternative to deposit-based investments. Yes, there is the risk that the value of your capital can go down as well as up, but many of these are blue-chip companies listed on the London Stock Exchan

Weekly News Round Up  The week has been dominated by the shenanigans going on in parliament, with Boris Johnson losing control of the agenda and opposition party remainers winning three crucial votes. Other news Markets and pound bounce back as a ‘no deal brexit’ looks less likely Germany going into Recession Earn 25% Tax Free Bonus with Government Help to Buy ISA but only if you start before 30 Nov Government Help to Save Scheme for low paid 96% undersubscribed 10 TIPS TO GET OUT OF CONSUMER DEBT USING THE M.A.N.A.G.E. D.E.B.T. SYSTEM Women Need to Invest More Money to Secure Future Prosperity Government Lose Key Brexit Vote – Johnson will table a motion for an October General Election as 21 MP’s Defy Whip Cyprus, the Easiest Route to EU Citizenship

A Help to Buy ISA is a government scheme helping you save for a mortgage deposit to buy your first home. You must be a first-time buyer to qualify and not own a property anywhere in the world. Savings are tax free just like with any ISA product, however, a Help to Buy ISA gives you the added bonus of getting government contributions. How does the Help to Buy ISA work? The government tops up your contributions by 25%, up to a maximum contribution limit of £12,000. In other words, for every £200 you save, the government will contribute £50. This means you can earn a maximum of £3,000 from the government. The minimum amount you need to save in order to qualify for a government bonus is £1,600 (which gives you a £400 bonus). You can start off your ISA with an initial deposit of up to £1,000 which also qualifies for the 25% boost from the government. Remember, Help to Buy ISAs are available to each first-time buyer, not each home. So, if you’re buying a property with your partner, you’ll be able to get up to £6,00

A few days ago, I talked about how women are saving a lower proportion of their income than men. Today I discover that savers are failing to take advantage of a new UK Government scheme, as figures reveal that more than 96% of those eligible are missing out on a 50% top-up bonus worth up to £1,200. The Help to Save account, launched last September, was designed to encourage people on low incomes to save for their future. However, statistics released by HM Revenue & Customs show that only 132,000 of the 3.5 million people eligible have opened an account. The scheme allows people on welfare benefits, such as working tax credit and universal credit (combined with certain level of household income) to save up to £50 a month, or £600 per annum, for four years, which will be topped up by the Government by 50p for every £1 saved. The Help to Save accounts can be held for four years, with a maximum of £2,400 saved with a further £1,200 paid in by the Government. Anna Bowes, of Savings Champion, the comparison sit

British and American household debt had reached record levels, despite high employment, low taxes and historically low interest rates. In the UK, the TUC has called for higher pay rises to solve the problem, but we know that is not always the answer. If you cannot manage small amounts of money, chances are you will not manage larger sums. Unless you change your habits, that par rise or bonus will be blown on more stuff or another holiday before you even receive it. I cover more on managing money in my book on money, but in the meantime, here is:  THE M.A.N.A.G.E. D.E.B.T. SYSTEM – 10 TIPS TO GET OUT OF CONSUMER DEBT FOR GOOD: M.A.N.A.G.E. D.E.B.T. MAKE A LIST AXE NON-ESSENTIAL OUTGOINGS NEVER PAY THE MINIMUM PAYMENT ON A CREDIT CARD APPLY FOR A BALANCE TRANSFER CARD GENERATE EXTRA CASH ENTITLEMENT TO BENEFITS OR WELFARE SUPPORT DON’T IGNORE BILLS OR DEMANDS ENTER INTO AN ARRANGEMENT BE PROACTIVE AND ASK FOR HELP TAKE YOURSELLF OFF CONSUMER DEBT FOR GOOD Bonus Tips 1. Never use expensive payday lenders, u